Monthly Archives: July 2018

Crypto Markets See Slight Gains Since Yesterday’s Upswing, Despite US Indictment FUD

Crypto markets keep moving upwards slowly since yesterday’s mild upswing, Bitcoin near $6,300, despite U.S. govt’s crypto-involving indictment. July 14: crypto markets are holding gains from yesterday’s mild upswing, with all top ten cryptocurrencies seeing slight growth over the past 24 hours, according to data from CoinMarketCap and Coin360. Market visualization from Coin360 Bitcoin (BTC) is up just over one percent over the past 24 hours, trading at $6,274 at press time. The leading cryptocurrency has been mostly trading sideways today, holding gains from yesterday’s modest rebound. […]

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One Guy Controls the Lightning Network’s Biggest Node

BTC supporters were elated to discover recently that the Lightning Network’s (LN) capacity had spiked by 216 percent in just one day. Some individuals suspected the Build on Bitcoin conference had sparked more LN interest. However, onlookers have found the spike was due to a single node created by the owner of Shitcoin.com. According to LN explorers, the node holds more than 49 percent of the Lightning Network’s total funds. Also read: Study Finds Cryptocurrency Rebalance Portfolios Outperform ‘Hodling’ Everyone is Talking About One Node That Holds More […]

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Crypto and Blockchain — Following in the Footsteps of Man’s Greatest Inventions?

From the printing press to electricity, radio and the internet — here’s how cryptocurrency and blockchain stacks up to some of the most influential technologies of the modern age. Throughout history, human civilization has gone through massive growth periods, thanks to major technological advances. The earliest — and perhaps most notable — was the discovery and mastery of fire, which is estimated to have happened around 700,000 years ago. The American Council of Science and Health cites archaeological evidence for these figures. Fire provided the impetus for […]

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US Ranks as ‘Most Favorable’ Country for ICOs in Recent Report

The U.S. and Switzerland ranked as top two ‘most favorable’ countries for running an ICO, according to a new report. The U.S., Switzerland, and Singapore were ranked as the top three “most favorable” countries for Initial Coin Offerings (ICO) in a recent report, according to a press release the researchers shared with Cointelegraph July 14. Analysts associated with the Crypto Finance Conference compiled the research based on publicly available data of the top 100 ICOs by country in terms of funds raised and ranked them by number […]

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Markets Update: HODLers Pray for Higher Lows, Prospective Coinbase Listings Rally

The BTC markets are currently attempting to establish a higher low above $6000 after failing to break above resistance at $6800 at the end of June, whilst BCH appears to have bounced off the critical support area of $600 – $650 for the second time in 2018. In recent altcoin market action, Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX) have produced gains of roughly between 10% and 20% after Coinbase confirmed on the 14th of June that it is currently […]

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Greek Court Rules to Extradite Alexander Vinnik, Accused of Laundering $4 Bln in Bitcoin

Greek court rules to extradite Russian national Alexander “Mr. Bitcoin” Vinnik to France on charges of fraud and money laundering. A Greek court has ruled to extradite the alleged former operator of crypto exchange BTC-e, Alexander Vinnik, to France, local news outlet CNN Greece reported Friday, July 13. The 39-year old Russian national Vinnik, also known colloquially as “Mr. Bitcoin,” was indicted by U.S. authorities on charges of fraud and money laundering last year, reportedly involving up to $4 billion in Bitcoin (BTC). Vinnik’s Greek lawyer Ilias […]

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Bitcoin.com Celebrates 2.5 Million Wallets Created in Less Than a Year

This week Bitcoin.com reached a milestone of a whopping 2.5 million Bitcoin.com Wallets created in less than a year. Since we started our web portal we’ve focused on providing people with world-class resources that fit every bitcoiner’s needs and our simple-to-use wallet is no different. Also read: Bitcoin.com and Purse.io Bolster Spending Giving New Shoppers $10 in BCH The 2.5 Million Milestone is the First Step Towards Our Goal to Provide a World-Class Cryptocurrency Wallet to Billions of People The Bitcoin.com Wallet was launched on August 25, 2017, […]

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Bitcoin Magazine’s Week in Review: Progress in Different Forms

Going back to the early days of Bitcoin, we look at the contributions of Nick Szabo to smart contracts and Bit Gold. Decentralizing gets another boost by Augur in the predictions marketplace with the launch of their platform. Then we see a very real world example of cryptocurrency solving a real need in Venezuela to avoid their collapsing currency and allow people to buy the goods they need to survive. Finally, we see a conventional exchange, the CBOE, talking to the SEC about getting a bitcoin ETF […]

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Indian Central Bank Justifies Its Crypto Stance – Outlines Key Areas of Concern

The Reserve Bank of India has justified its crypto banking ban to an industry group which has been trying to convince the central bank to ease crypto restrictions. In response, the central bank outlines key areas of concern and upholds its stance on crypto. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Main Concerns India’s central bank, the Reserve Bank of India (RBI), has divulged key areas of concern regarding cryptocurrency. The communication is in response to a representation submitted by the Internet and Mobile […]

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Wendy McElroy: Does Your Money Serve the State or You?

The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 9, Part 4 Does Your Money Serve the State or You? The State, in short, subjects people, whereas Society associates them voluntarily. – Felix Morley Two simple litmus tests determine whether money serves the state (organized force) or whether it serves society (voluntary exchanges). Who issues it? State money is issued either by the state or by an authority controlled by it, who claims a monopoly. Can people choose to use it or […]

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